Word: greffes
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...sexification has helped put Vegas on pace for a record year in visitors, after having 35.5 million last year. In the second quarter, revenue per available room in top hotels along the Strip rose to $190 a day, according to Joseph Greff of Fulcrum Global Partners. Room rates are up 40% from the same period last year, but the increase didn't stop occupancy from zooming to 95%. The city's casinos, hotels, restaurants, shops and clubs took in a record $32.8 billion in 2003. Vegas is the fastest-growing major U.S. city; 7,000 people move to Clark County...
...past year. Last week, Britain's bmi airline announced that, from Oct. 31, it will fly nonstop three times a week to Vegas from Manchester, England. So it's no surprise that MGM Mirage announced last week that its second-quarter profits nearly doubled from 2003. According to Joseph Greff of Fulcrum Global Partners, room rates in top hotels on the Strip are up 40% from the same period last year, but the increase didn't stop occupancy from zooming to 95%. The city's casinos, hotels, restaurants, shops and clubs took in a record $32.8 billion in 2003. Vegas...
Still, are hotels within hotels real, or just a new way to promote what's there? Tia Gordon of the American Hotel & Lodging Association insists that the concept isn't "a marketing ploy" but "another level of service." She's probably right, but as Joseph Greff, a lodging analyst for Fulcrum Global Partners puts it, "It has a lot more to do with perception than reality." In the hotel business, however, a perception of distinctiveness counts a lot, especially for customers who are willing to pay for it. --With reporting by Helen Gibson/London, Sara Rajan/New Delhi and Jyl Benson/New Orleans
Williams College President James Phinney Baxter will join with President Conant in discussing "The Scholar's Contribution in a Free Society" at the Friday afternoon session of the convention. Along with the two educators, Alan Greff of the Rockefeller Foundation and industrialists Oliver E. Buckley and General Brehon B. Somervell form the rest of the panel...
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